Kristin Cavallari and Jay Cutler reach joint custody agreement

Kristin Cavallari and Jay Cutler have reached two agreements in their ongoing divorce — their children and their money.

A source confirmed to People that the pair have come to an agreement over joint custody with their three children: sons Camden, seven, and Jaxon, five, and daughter Saylor, four. Their children will stay at their current home until Cavallari moves into her new property. In addition, Cutler, 37, has agreed to release funds for Cavallari, 33, to purchase her own home.

According to documents obtained by multiple outlets, it was ordered that Cavallari is "permitted to use marital funds" to purchase the new property.

Jay Cutler and Kristin Cavalleri attend the Dancing with the Stars Charity event hosted by Jenny McCarthy on August 24, 2013 at Hotel Baker in St Charles, Illinois. (Getty)

The documents also state that both parties "have entered into a Permanent Parenting Plan that they attest is in the best interest of their minor children and ask the Court to approve and adopt the same as its Order."

So until Cavallari moves into the new house, the kids will remain at their current home in Tennessee, with the children to "spend time with each parent in their respective residence during said parent's respective parenting time."

Cavallari and Cutler have agreed to be named "joint primary residential parents," and will spend 182.5 days with the children a year. In the documents, it is stated that Cutler will have the kids every other Friday after school until the following Friday after school. Cavallari's parenting time will then commence once Cutler's has concluded, alternating their time with the children on a week-on, week-off schedule.

As parents, Cavallari and Cutler will also have the right to two "unimpeded" phone calls per week, as well as two FaceTime or Skype calls per week "at mutually convenient days and times while the children are with the other parent."

On the matter of child support, Cutler and Cavallari have agreed that "both parties have sufficient assets to provide for the support of the minor children while the minor children are in their respective care." Both agreed to "equally pay the cost of any and all agreed upon extracurricular activities in which the minor children participate."